Share Prices & Company Research

Market News

11 Jan 2019 | 07:36

Sopheon says early indications point to earnings beat as sales surge

Management software provider Sopheon said it may post a higher-than-expected annual profit after its sales continued to surge in the final months of the year.

The company had said in October that its third-quarter performance had taken revenue visibility for 2018 above $30m.

'We are pleased to report continued commercial delivery in the final months of the year, evidenced by the recently-announced partnership with global confectioner The Hershey Company,' the company said.

'Accordingly, we expect that revenue for the year ended 31 December 2018 will be comfortably in line with the already-upgraded market expectations.'

Sopheon added that 'early indications' pointed to a 'stronger outperformance' at both the pre-tax profit and Ebitda levels.

Further information would be provided towards the end of January in a more detailed trading update, ahead of a results release on 21 March, the company said.

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.